News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
HousingWire reports while Rep. Paul Ryan, (R-WI), Gov. Mitt Romney’s running mate for the White House has proposed privatizing “the business of government-owned housing giants, Fannie Mae and Freddie Mac, so they no longer expose taxpayers to trillions of dollars’ worth of risk,” and an end to the $188 billion […]
Republican’s Plan for Fannie and Freddie Read More
SanteePatch reports from Santee, California that the city’s 12 manufactured housing communities account for 12 percent of all the homes in this town just east of San Diego. Seven of the MHCs are 55+ communities, and in 1989 the city enacted a rent control ordinance which has been successfully upheld.
Rent Control on the Docket in Southern CA Read More
leadingage says while the Joint Center for Housing Studies at Harvard University predicts the housing recovery will be led by single-family home construction, the center also foresees the financial burden that will accompany the growing number of seniors who will need assisted housing and supportive services. The number of cost-burdened
Housing Costs to Grow for Seniors on Fixed Incomes Read More
In a story just previous to this one, we reported the city of Cumberland, Maryland in Allegany county in the northwest corner of the state opted out of the state mandated sprinkler system law. In Salisbury, Maryland, Wicomico County officials at the southeastern end of the state also agreed the
Another Maryland County Stems the Sprinkler Flow Read More
As follow-up to a story we posted Aug. 1, 2012, Allegany County Commissioners in Cumberland, Maryland opted out of state legislation that requires automatic sprinklers in new one and two bedroom single-family homes, including manufactured and modular homes, but are considering incentives to encourage installation before the state mandate takes
County Drowns Sprinklers—For Now Read More
With Chinese exports only up one percent since a year ago and declining U.S. import and export prices, lackluster investors hit the pause button amid fears of a global slowdown. The three indexes gained slightly, but none was above one-third of a percentage point. CNNMoney reports the Dow Jones Industrial
More Housing Stocks Lose than Gain, as Dow Nudges Up Read More
The Mortgage Bankers Association (MBA) reports that Federal Housing Authority (FHA) foreclosures started spiked 60% from the first quarter, hitting 1.53%, the highest point in several years. Excluding foreclosures, according to NationalMortgageNews, FHA delinquencies fell to 11.89% from the first quarter’s 12%, while the inventory of FHA foreclosures increased to
Housing Recovery? Must the Deck Clear First? Read More
Yahoo! Finance says Universal Forest Products, Inc. (UFPI) released the following statement of earnings as a percentage of net sales, comparing Q2 2011 to Q2 2012: The company reports gross profit of 12.1% for the second quarter of 2012 versus 10.4% for the same period 2011; earnings from operations increased
UFPI Releases Financials for Second Quarter Read More
MHProNews has learned from the U.S. Dept. of Urban Development (HUD) that the owner and staff of MHC Heritage Point Mobile Home Park in Montgomery, Alabama have been charged with violating the Fair Housing Act for refusing to rent a home site to an African American family and for following
MHC Owner Charged with Fair Housing Act Violation Read More
bizjournals tells MHProNews Tampa, Florida-based Deer Valley Corp. reported net income of $179,651 for second quarter 2012 versus $327,485 net income for the same period of 2011. Revenue fell to $7.6 million for the quarter ending June 30, 2012 versus $7.8 million for the same period last year. With factories
Deer Valley Posts Drop in Revenue in Q2 Read More
Yahoo! Finance says Killam Properties, Inc. of Halifax, Nova Scotia, Canada reports for the second quarter 2012 funds from operations (FFO) increased 5.7% over the same period 2011, while revenue from property rose 9.6% 2012 over 2011, $33,679,000 over $30,735,000. Net operating income increased to $20,518,000 in 2012 from $18,687,000
Canada’s Killam Properties Shows Steady Growth Read More
Volume on the New York Stock Exchange was light today as investors digested a better-than-expected drop in initial jobless claims, a narrowed trade deficit, and a surprise decline in wholesale inventories, according to CNNMoney. The three main indexes remained at their highest levels since May as the Dow Jones Industrial
Skyline and Nobility Active; Indexes Move Little Read More
The National Association of Home Builders tells MHProNews builder confidence in single-family homes for the 55+ market for Q2 2012 more than doubled over the second quarter of 2011, from 13 to 29, the highest second quarter reading since this sector of NAHB’s Housing Market Index (MHI) started in 2008.
55+ Single-family Market Improves Read More
Following a story we first published June 11, 2012, the SidneyHerald says the West Side Elementry School in Sidney, Montana continues to try and find affordable housing for the 16 new staff members hired since last year. Schools superintendent Daniel Farr says 90 percent of the staff cannot afford local
School Needs Affordable Housing for Staff Read More
enewschannels reports NeoPod Systems, LLC of Sunrise, Florida has teamed with Second Street Capital, Inc. to provide builders with modular kitchens and bathrooms that can be readily integrated into the construction process of multi-family, military, medical clinic, and dormitory-type projects. The modular units include framing, fixtures, painting, and connections as
Modular Components Custom Made to Order Read More
As follow-up to a story we published this Monday, Aug. 6 about YES! Communities purchase of 42 MHCs comprised of 10,500 home sites from American Residential Communities (ARC), also of Denver, the NewsObserver reports from North Carolina ten of the communities and 2,500 of the home sites are in Greensboro
YES! Says “Yes” to Better Service for Community Residents Read More
IndyStar states Drew Industries’ subsidiaries, Lippert Components, Inc. and Kinro Manufacturing, Inc., will add 260 new jobs by 2015 as the result of a $3.65 million expansion. Lippert and Kinro already employ 4,000 full-time employees at their respective plants in northern Indiana, and will begin hiring the new workers this
MH Component Maker Expands Read More
OriginationNews says in the first quarter 2012 seven Florida housing markets were on Realtor.com‘s housing recovery list, but only one market in California was included. In the second quarter, six CA markets placed on the top ten list. In addition, Seattle, Phoenix, Boise City and Minneapolis were among the top
Housing Recovery Gains out West Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) reports the Manufactured Housing Consensus Committee (MHCC) Administering Organization (AO), the National Fire Protection Association (NFPA), has asked MHCC members to state their preference for a meeting date between Oct. 23 and 25, 2012, the first full meeting since Oct. 2011. MHCC’s
First MHCC Meeting in a Year Set Read More
CNNMoney reports there was not much movement in U.S. stocks as investors stepped back for a breather with the three major indexes at the highest levels since May. The Dow Jones Industrial Average gained a mere +7.04 points, +0.05 percent, to close at 13,175.64. The Nasdaq lost -4.61 points to
Nobility Falls, Skyline Rises, Indexes Move Slightly Read More
